Large-cap stocks back in the lead; Sensex up 3.7% this month

Sensex is up 3.7% this month, while mid-, small-cap indices are down 1.4% and 2.7%, respectively

The pandemic period has been greatly profitable for domestic retail investors who put money in small- and mid-cap stocks. The BSE Midcap has more than doubled since the end of March last year, while the BSE Smallcap is up nearly 3X during the period. The BSE Sensex that tracks the market capitalisation of the country’s top 30 stocks, on the other hand, is up only 85 per cent during the period.

The latest price change in the market, however, suggests that large-cap stocks are now making a comeback. while mid- and small-cap stocks are on the back foot for the first